Some 104 single family rental homes will launch in Bilborough, Nottingham, in a scheme called Chingford Meadows.
There will be 70 three-bedroom homes and 24 four-bedroom homes.
The first homes will be delivered in 2026, with the scheme completing by 2028.
The development comes from build-to-rent developer Placefirst, homebuilder Strata and Auxesia Homes.
Henry Marshall, chief investment officer at Placefirst said: “Chingford Meadows is a strong testament to the success that sustained partnership can bring.
“Together with Strata, we are bringing to the East Midlands’ largest city new, high-quality single-family rental homes for the local community, as part of our first investment in Nottingham.
“Strengthening our partnership with Strata allows us to accelerate delivery and build at greater scale. The urgency of this shouldn’t be underestimated as the growing shortfall of such homes in the private rental market is estimated to be in the millions.”
This is the second scheme between Placefirst and Strata, who together plan to build 500 single-family rental homes by 2028.
Auxesia and Placefirst worked together in purchasing both S106 and build-to-rent units.
Each property will include private gardens, electric vehicle charging points, and photovoltaic (PV) panels.
Gemma Smith, chief executive at Strata, said: “This project is a fantastic example of the power of long-term collaboration. Working closely with Nottingham City Council, Placefirst and Auxesia, we’ve been able to unlock a site that will now deliver genuine social and economic value for the city.
“It’s especially exciting to be delivering our first Midlands-based Single Family Housing site with Placefirst — a partner that shares our values when it comes to quality, placemaking and long-term stewardship.
“This marks a major step forward in our ambitions to grow our footprint in the Midlands through meaningful partnerships and mixed-tenure communities.”